Hana Materials Inc.
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:44,371.71 tCO2eq/year
Scope 1 Emissions:1,215.71 tCO2eq/year
Scope 2 Emissions:43,156 tCO2eq/year
Renewable Energy Share:1%
Total Energy Consumption:895 TJ/year
Water Consumption:500 kton/year
Waste Generated:3,086 tons/year
Carbon Intensity:14.44 tCO2eq/EA in 2022
ESG Focus Areas
- Environment
- Social
- Governance
Environmental Achievements
- Installed solar panels on the roof of Asan plant, replacing 1% of the plant’s total electricity with renewable energy in 2023.
- Reduced energy consumption by 334 MWh in 2022 through various energy reduction activities.
- Reduced water consumption by 5,344 tons at Asan Plant by modifying the regeneration cycle of the boiler water softener.
- Reduced air pollutant emissions by about 70% from 395.8 kg in 2020 to 123.5 kg in 2022.
Social Achievements
- Established a human rights management policy covering 10 areas to prevent human rights violations.
- Acquired ISO 45001 certification in 2022 for occupational health and safety.
- Conducted human rights education for all 750 employees (100%) in 2022.
- Expanded the number of employees with disabilities, hiring more than required by law.
- Increased the number of training programs from 166 in 2020 to 626 in 2022.
Governance Achievements
- Established a committee policy for ESG management, including ESG Committee, Internal Transactions Committee, Compensation Committee, and External director candidate recommendation committee.
- Established a Code of Ethics and Ethical Management Policy, posted on the website.
- Launched an ethics and compliance reporting channel on its website for anonymous reporting.
- Maintained a zero violation record of fair trade over the last three years.
Climate Goals & Targets
Medium-term Goals:
- Establish and implement a company-wide GHG reduction plan by 2023.
Short-term Goals:
- Reduce GHG emissions by 3.24% compared to the base year (average emission of 2018, 2019, and 2020).
Environmental Challenges
- Increase of raw materials and oil prices caused by the Russia-Ukraine War and US Federal Reserve interest rate hikes.
- Downturn of semiconductor market and the US-China trade war.
- Increase in GHG emission (40% increase compared to 2020).
- Increase in water consumption due to increased production.
Mitigation Strategies
- Achieved significant performances, including quality improvement and cost reduction.
- Adopting and developing ESG management to move forward into a ‘sustainable company’.
- Establishing a company-wide GHG reduction plan after the completion of Asan Plant 2 in 2023.
- Managing water resource usage based on unit emissions.
Supply Chain Management
Supplier Audits: Annual
Responsible Procurement
- Regular consignment contract
- Safety and health assessments for suppliers exceeding a certain threshold amount
- Supplier qualification evaluation
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI Standards 2021, AA1000AS v3 (2020)
Certifications: ISO 14001, ISO 45001, ISO 9001
Third-party Assurance: BSI Group Korea
Awards & Recognition
- Presidential Commendation for Labor Management Win-Win Cooperation
- Presidential commendation from the National Productivity Award
- Company with Excellence in Employment of Young Generation
- Company with Excellence in Employment of Permanent workers
- Excellence in Employment of the Persons with Disabilities
- Excellent Labor-Management Culture Company
- Labor-Management Cooperation Presidential Commendation Award
- Job Creation Contribution Minister’s Commendation